Connect with us

Hi, what are you looking for?

Jewish Business News


Saudi Arabia Tops Defence Spending In Relation to GDP Israel Second

Saudi Arabia is spending more on its armed forces than ever before

idf tank in gaza


No country worldwide comes close to matching the United States in military expenditure. In 2014, US military spending reached $571 billion, a huge distance ahead of second place China,  with $129.4 billion. However, when military budgets are viewed as a percentage of a nation’s GDP, things become very different indeed.

Saudi Arabia is spending more on its armed forces than ever before, boosting its military budget by 17 percent last year. The military now amounts to at least 10.4 percent of the kingdom’s GDP, according to an estimate from SIPRI. By contrast, Washington’s enormous military expenditure amounts to “only” 3.5 percent of the GDP.


Infographic: The Biggest Military Budgets As A Percentage Of GDP | Statista

You will find more statistics at Statista.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


Now Platika joins and elite club of $10 billion plus Israeli firms.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...